Vicor (NASDAQ:VICR) CFO James Schmidt Sells 754 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 754 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total value of $248,820.00. Following the sale, the chief financial officer owned 754 shares in the company, valued at $248,820. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vicor Stock Performance

Shares of NASDAQ VICR traded down $5.99 during trading on Wednesday, reaching $330.13. The company had a trading volume of 227,857 shares, compared to its average volume of 816,927. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $369.40. The stock has a market cap of $15.05 billion, a PE ratio of 110.41 and a beta of 2.36. The business’s 50 day moving average price is $282.04 and its 200-day moving average price is $197.14.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter last year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts anticipate that Vicor Corporation will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the period. Millennium Management LLC raised its position in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Vicor during the 3rd quarter worth about $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VICR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the stock a “buy” rating in a research note on Monday. Roth Mkm raised their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. Finally, Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $408.33.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.